Baby Doge Coin (BABYDOGE) is 2066.0× the size of Bonk 2.0 (Sol) (BONK2.0) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 22 shared trading days). Both have run at a similar volatility, around 52% annualised.
BONK2.0BABYDOGE
0.66over 22 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | BONK2.0 | BABYDOGE |
|---|---|---|
| Max drawdown (400d) | -35.6% | -17.6% |
| Risk-adjusted return (90d) | -0.56 | -0.35 |
Relative strength over 90 days: BABYDOGE outperformed BONK2.0 by 3.4% — measured on the BONK2.0/BABYDOGE ratio, so it holds regardless of market direction.